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As one of the world's major oil companies, Total SA conducts business in more than 130 countries. The company explores for and produces oil and gas in more than 30 countries or regions. It acquired Petrofina of Belgium in 1999 and the French oil firm Elf Aquitaine in 2000. Total's motor fuel brands, which include Total, Fina, and Elf, are.
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TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity.
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TotalFina won 94.93% of Elf in a bitter take-over battle last summer which saw Elf accusing its rival of trying to "take possession" of it by force. The Commission launched an in-depth investigation into the deal in October, citing concerns that it could hamper competition in France. Earlier this month, TotalFina offered to sell off several.
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Total Fina Elf Holdings USA Inc. Total Fina Elf Holdings USA Inc. produces petrochemical products. The Company offers gasoline, kerosene, distillate fuel oils, residual fuel oils, and lubricants.
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TotalFina SA launched a bid on July 5 to take over Elf Aquitaine SA that values its French rival at 42 billion euros ($41.2 billion).. even before Total and Belgian firm Petrofina SA joined.
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• The Group was braned Total in 2003, after merging with PetroFina then Elf. In 2018, Maersk Oil joined Total. OUR VALUES Like our history, our values represent that part of Total'sidentity that is shared by all. SAFETY RESPECT for Each Other PIONNIER Spirit Stand TOGETHER PERFORMANCE-Minded
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In the wake of the mega merger of TotalFina and Elf Aquitaine to form TotalFinaElf, the chemical divisions of the two companies have also been united and restructured - as is manifested by the new name of Atofina given to the former Elf Atochem.François Cornelis is taking over as chairman of the board from Jacques Puechal who performed this function for 17 years at Elf Atochem.
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The Elf counter-offer forTotalFina was for three Elf shares and 190 euros in cash for everyfive shares of TotalFina, representing a premium of 10% toTotalFina's closing price July 16 (ex dividend).
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Monday, September 13, 1999. Tweet. French oil companies Total Fina and Elf Aquitaine have agreed to merge in a $54.3 billion deal that would create the world's fourth largest oil group and end a.
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TotalFina itself is the result of a merger of French company Total and Belgium company Petrofina earlier this year. TotalFina shares sagged on the news of the merger, as the premium paid for Elf was at the higher end of expectations. Elf shares, in contrast, gained more than 2.5%.
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Lara Marlowe. Tue Sep 14 1999 - 01:00. France's two largest oil companies, TotalFina and Elf Aquitaine, have announced they will merge, creating the world's fourth-largest oil company, after Exxon.
Skyscraper, Tour Total Fina Elf, La Défense, Paris, France, Europe Stock Photo Alamy
Elf Aquitaine is a French brand of oils and other motor products (such as brake fluids). In 2000, Elf Aquitaine merged with Total Fina to form TotalFinaElf, which changed its name to Total in 2003. Legal investigations into the company continued after it was purchased by Totalfina.
Total Fina Elf oil refinery Pembrokeshire Wales UK Europe Stock Photo Alamy
He also confirmed that job cuts would amount to 4,000 out of a workforce of 130,000, of which 2,000 are in France. Job cuts will occur only on a voluntary basis, he says. Stockholders of TotalFina.
Photo de classe Logo de l'établissement 'Totalfinaelf' de 2013, Total Copains d'avant
The merger of the two lube companies follows the global merger of Total Fina with Elf a few months ago, thereby creating an integrated oil behemoth with revenues of $105 billion last year. The merger will be limited to Elf's lubricant arms only and will not include its other businesses in India.
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UPON the application (the "Application") of Total Fina Elf S.A. ("TotalFinaElf") to theOntario Securities Commission (the "Commission") for an order pursuant to clause104(2)(c) of the Act that TotalFinaElf be exempt from the requirements of sections 95 to100 of the Act in respect of a securities exchange take-over bid.
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Production and handling. Girassol is produced by a joint venture between Total-Fina-Elf, ExxonMobil, BP, Statoil and Norsk Hydro. ExxonMobil holds a 20% equity interest. Girassol is located 210 km off the coast of Luanda, Angola. Subsea wellheads are located in 4,500 feet of water. Recoverable reserves are estimated at 630 million bbls.
